Russia drafts blueprint for banking reform

Russia's central bank has prepared new guidelines for banking sector reform aimed at bringing financial institutions in line with Western standards, a senior central banker said in an interview published on Feb 1, 2000. Central bank deputy chairman Georgy Luntovsky told the Kommersant newspaper guidelines included adopting international accounting standards and tightened control over banks, and also envisaged a larger role in Russia for foreign banks.

"We want our banks to be on par with Weste

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